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In June 2023, the council asked its incoming auditor, Grant Thornton UK LLP, to conduct an independent Value for Money review into governance arrangements that relate to historic investment decisions; how these risks were assessed and managed; and how those decisions were scrutinised.
Grant Thornton has informed us that publication of their report is likely to be made during October 2024.
Joanne Brown, Lead Engagement Partner (from the 2023/24 financial year), Grant Thornton UK LLP, said: “We are now in the concluding phase of reporting the outcome from our VFM governance review. The consultation period has ended, in accordance with our obligations under the Local Audit and Accountability Act 2014, and the report will be made public once finalised, which is likely to be in October 2024.”
In the interests of increasing council decision-making transparency and, in line with the Improvement and Recovery Plan, the council will also publish confidential Part 2 reports and documents dating back to 2016.